This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny.
This week Lauryn and Chloé invite fellow CERTIFIED FINANCIAL PLANNER™ and author, Nannette Kamien, to the podcast to talk about planning for college and repaying student loans.
Nannette is a financial planner at Cultivating Wealth. She previously owned her own firm and wrote the book Crazy College Money. She enjoys educating families about how to make smart financial decisions to pay for college.
In addition to working with clients through her financial planning firm, Worth Winning, Lauryn is a Certified Student Loan Professional (CSLP) working with Student Loan Planner to help student loan borrowers navigate their repayment options.
In this episode, Chloé interviews Lauryn and Nannette to find out what parents and students need to know about planning for college and repaying student loans. There are a lot of misconceptions out there around student loans and burying your head in the sand isn’t going to help.
In part this episode Lauryn, Chloé, and Nannette talk about:
Balancing saving for your children’s education while paying off your own student loans and saving for retirement Types of accounts to use for college savings When to start having conversations about paying for college with your kids and what you should share with them The importance of educating yourself on the student loan process and financing options before your child is enrolled in college (Spoiler alert: It’s not the same as when you were in college.) Common mistakes made in college planning How the financial aid system is broken and why you can’t bury your head in the sand instead of planning for it The types of student loans available and the pros and cons of the different options Student loan forgiveness How income driven repayment plans work and what you need to know about the options including planning on paying taxes on the amount that’s forgiven Consolidating vs refinancing your student loans What you should consider if you want to go to grad school Parent+ loans RESOURCES:
Student Loan Planner website: https://www.studentloanplanner.com/ Schedule your free introductory phone call with Nannette: https://cultivatingwealth.com/contact/ Worth Listening Podcast Episode #31: Don’t Be Overcome by Your Student Loan Debt with Travis Hornsby Worth Listening Podcast Episode # 58: College, Finances & Student Loans Worth Listening Podcast Episode # 115: Renting vs Homeownership
If you want to further connect with Lauryn Williams:
Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore:
Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: “It's not burn baby burn, but learn, baby, learn, so that you can earn, baby, earn.” -Dr. Martin Luther King, Jr.